Downtown Poughkeepsie Development
For Sale
$700,000
52 Academy Street, Poughkeepsie, NY 12601
Multi-family property with two vacant parcels in prime location.
Property SizeContact for details
Days on Market301
Property Features for 52 Academy Street
General Information
Standard status
Active
Property subtype
Commercial
Lease Term
[]
Listing Agency:
K. Fortuna Realty,Inc.
Listed By:
Ginalea Healy · License #10401298074
(845) 224-4272
Source:
Matthewsgroupre
Added: Nov 9, 2025
Changed: Sep 5
Last Checked: Sep 5 at 8:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of K. Fortuna Realty,Inc.
Investment Insights
Based on property information with market context.
Located in Downtown Poughkeepsie, this offering includes a multi-family property and two adjoining vacant parcels. The existing multi-family structure features large residential units with rental potential, presenting a value-add investment opportunity. The two additional vacant parcels create redevelopment possibilities, allowing for expansion of the current building, new residential units, or a mixed-use concept. Situated within the MU-5 (Mixed-Use 5) zoning district, the property allows for multi-family residential development, retail, office, and service-based uses, with potential for up to 5 stories and bonus height opportunities up to 7 stories. The location is near the business district, courthouse, and train station. This property is suitable for an investor or developer looking to combine immediate income with long-term upside in an active growth area.
Key Highlights
- Multi‑Family Property with Two Adjoining Vacant Parcels: Offering immediate income and future development potential.
- MU‑5 Zoning: Allows for multi‑family residential, retail, office, and service‑based uses with potential for up to 7 stories.
- Value‑Add Opportunity: Existing multi‑family structure with strong rental potential through renovations.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 12601, NY
44,264
Population
17,972
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
18.3 sq mi
ZIP Area
2,419
Density / Sq Mi
$64,769
Median Household Income
$37,259
Median Earnings
$1,376
Median Rent
$275,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multi-family property with two vacant parcels in prime location.
Where is this multifamily property located?
The property is located at 52 Academy Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Multi‑Family Property with Two Adjoining Vacant Parcels: Offering immediate income and future development potential.; MU‑5 Zoning: Allows for multi‑family residential, retail, office, and service‑based uses with potential for up to 7 stories.; Value‑Add Opportunity: Existing multi‑family structure with strong rental potential through renovations.
